Seven weeks' pay bonus for shop staff
10/03/2005 - 13:07:38Staff at the UK's John Lewis Partnership are to get an annual bonus equivalent to more than seven weeks’ pay, the retail group announced today.
The 63,000 partners, who co-own the department store and supermarket business, will share a pot of £106m (€152.2m), an increase of 21% on a year earlier following a 24% rise in pre-tax profits to £216m (€310.1m) in the year to January 29.
The improved performance reflected growth at supermarket chain Waitrose, which lifted sales 10% to £3bn (€4.3bn) and profits by 10% to £193m (€277.1m).
